Chakravarthy Arthi 4

What Happened Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 4,295 shares of Enovix common stock withheld on April 8, 2026 to satisfy tax withholding obligations related to RSU vesting. The shares were valued at $5.73 each, for a total of $24,610. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: April 8, 2026 — 4,295 shares withheld at $5.73 per share (total $24,610).
• Transaction type: Code F — shares withheld to satisfy tax withholding on vested restricted stock units (RSUs).
• Shares owned/issuable per filing: filing notes 401,351 shares issuable upon RSU vesting plus (i) 10,393 vested PRSUs to be released March 2027 and (ii) 58,500 PRSUs (50% to be released April 2027, remainder April 2028).
• Filing timeliness: Report filed April 14, 2026 for an April 8 transaction (filed six days later), which is outside the typical two-business-day Form 4 window.
• Footnotes: F1 confirms withholding to satisfy tax obligations; F2 details the reporting person's remaining RSU/PRSU awards and release schedule.

Context Withholding shares to cover taxes on vested RSUs is a routine administrative transaction and does not necessarily indicate a change in the insider’s view of the company. The filing shows this was a cashless withholding rather than an open-market sale. The F2 footnote outlines a substantial balance of unvested and performance-based units that will vest or be released over 2027–2028.